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The Latest Breaking News from IRS

Are Tips Taxable in 2025? Understanding the IRS Rules

With all the recent talk about ending federal taxes on tips, some wonder whether tips are taxable income.

Kiplinger

IRS Employees Who Took Trump 'Buyout' Ordered to Stay, Told Their Work Is Too 'Essential'

Internal Revenue Service (IRS) employees who accepted the Trump administration's buyout and opted for deferred resignation have been asked by their employers to continue working for a few months due to the "essential" nature of their jobs.

Latin Times

IRS Employees Restricted From Accepting Buyouts Until After Tax Deadline

IRS employees face restrictions on buyout offers until after tax season, raising concerns about service impact and contract validity.

Top News

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American Gen Z, Millennials More Likely To Trust AI With Tax Filing Over CPAs: Survey

A new survey found that Gen Z and Millennial Americans are more likely to rely on AI with tax filing assistance over tax professionals like CPAs, signaling a shift in U.S. taxpayer attitudes toward filing taxes.

International Business Times

Five Strategies to Defer Capital Gains in Real Estate Investing

These powerful strategies, from timing your sales during low-income years to leveraging qualified opportunity zones, can defer capital gains taxes on your real estate investments.

Kiplinger

Could Trump's IRS policies harm tax filing season and delay your refund?

A combination of resignations, cuts to taxpayer assistance programs, and current lack of senior leadership and staffing could slow down the IRS processes

The Independent UK

Exclusive: Americans trust AI more than a tax pro to handle their taxes, according to new research

In a new survey shared exclusively with Fortune, only 41% of Americans are confident in handling their own tax filing.

Fortune

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Elon Musk creates confusion about IRS' Direct File — but the free tax program is still available

Billionaire tech mogul Elon Musk posted on his social media site that he has “deleted” 18F, a government agency that worked on technology projects such as the IRS's Direct File program

The Independent UK

Transfers in Bureaucracy: 18 Joint Secretary-Level Officers get new postings in Govt of India, Read full list…

Several Joint Secretary-Level Officers have been appointed in the Central government on Saturday. Read the full report of Dynamite News:

Dynamite News

Making Bank On Fortnite Or Roblox? The IRS Is Onto You This Tax Season

Yes, video game marketplaces can be taxed, sometimes. Whether you're making money on Eve Online or Roblox, Minecraft or Second Life, here's what you need to know

Inverse

Free tax prep software is now available in 25 states: How to see if it's right for you

The IRS's Direct File could save taxpayers millions of dollars this year.

Fortune

37% US Taxpayers Rely on Refunds To Make Ends Meet: When Can You Expect 2025 Tax Refunds

The IRS claims that taxpayers who e-file taxes can expect refunds within 21 days. The timeline could stretch to eight weeks for filers who mail paper returns.

International Business Times UK

Watch out, eBay sellers—the IRS knows more about your side hustle than you think

"You cannot hide this, the IRS is aware you earned that money."

Fortune

How to watch 'Scamanda' online from anywhere

The number 1 podcast of the same name about "cancer-scammer" Amanda C. Riley gets the mini-series treatment. Here's how to watch "Scamanda" online and from anywhere in the world.

Tom’s Guide

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Top News

Senate Confirms Scott Bessent As Treasury Secretary

Scott Bessent confirmed as Treasury Secretary, focusing on tax cuts, deficit reduction, and tariffs for economic growth. Historic milestone as first openly...

Kiplinger

The 401(k) Loan Dilemma: Is It Ever a Good Idea?

Sure, you can take a loan from your 401(k) plan if necessary, but it runs the risk of jeopardizing your long-term retirement goals, so make sure to consider your options carefully.

Roll Call

Bessent easily confirmed as Trump's Treasury secretary - Roll Call

The Senate confirmed Scott Bessent as Treasury secretary despite criticism levied by Democrats for his handling of self-employment taxes.

Kiplinger

2025 Tax Filing: Live Daily Updates, Tax Tips, News and IRS Deadlines

International Business Times

Expecting An IRS Refund? Here's When To Expect It And How To Track It

As tax season kicks off on Monday, many Americans are looking forward to refunds.

Fortune

How to file your taxes online

The IRS begins accepting your 2024 tax returns today, and there are more e-filing options than ever before.

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